BoJ: Kuroda is here to stay – Danske Bank

On Friday, the Japanese government officially reappointed Bank of Japan governor Haruhiko Kuroda for another five-year term and chose an advocate of bolder monetary easing as one of his deputies in a strong signal to investors that policy makers are in no rush to end the stimulus programme, points out Analyst, Aila Mihr at Danske Bank.

Key Quotes

“A vote in parliament on the appointments could happen before the end of the month. On the news, USD/JPY broke below 106, triggering a linguistic tweak by Finance Minister Taro Aso, who said the government will act when needed, a day after stating there is no need for intervention.”